10 Jul 2025
💹Cboe BZX Exchange Proposed Rule Change for Fidelity Solana Fund
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Fidelity Solana Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC is reviewing a proposed rule change by Cboe BZX Exchange to list and trade shares of the Fidelity Solana Fund. The Trust aims to track the performance of the digital asset Solana, involving potential new investment opportunities and regulatory considerations for interested parties.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows Cboe BZX Exchange to list and trade shares of the Fidelity Solana Fund, which can impact businesses investing in cryptocurrency. This may affect market trends, investment strategies, and compliance with regulatory requirements.